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2016-06-02

EQT AB: EQT acquires Building and Facility business segment from Bilfinger

Munich, June 2, 2016 - EQT VII today signed an agreement with
Bilfinger SE ("Bilfinger") to acquire Bilfinger's business segment
Building and Facility subject to the receipt of customary regulatory
approvals. The purchase price corresponds to an enterprise value of
EUR 1.4 billion. It comprises a cash component and a deferred
purchase price component with annual interest upon maturity. As part
of the agreement, Bilfinger has secured a share in the future exit
proceeds of EQT from Building and Facility through an instrument
similar to an earn-out. Building and Facility is the biggest
real-estate service provider in the DACH region and also a leading
player in the segment in the UK. It includes three divisions:
Facility Services, Real Estate, and Building, and employs more than
20,000 people. The annual output volume generated amounts to around
EUR 2.5 billion.

Realizing growth potential, assume No. 1 position in Europe

Building and Facility is set to continue to grow profitably with EQT
VII as new owner. The European real-estate services sector is a
promising market, which is set to benefit from the growth rate of
outsourced real-estate services. Building and Facility is already the
No.1 integrated Real Estate service provider in the DACH region and
has strong market positions in the UK, Italy, the Netherlands, Poland
and Turkey. Focus going forward lies on further developing the
integrated services offering across its growing European platform.

"The plan is to expand Building and Facility's already strong platform
by organic growth as well as via acquisitions and to grow stronger
than the market in Europe. The intention is to create a European
leader in the real-estate services sector and EQT will invest in the
company accordingly," said Dr Andreas Aschenbrenner, Partner at EQT
Partners, and Investment Advisor to EQT VII. "To achieve this, we
look forward to working together with the experienced and successful
management of all the three divisions," he adds.

A proven track record

EQT VII draws on comprehensive expertise and competence in facility
services. Since 1994, EQT has invested in 19 companies within the
services sector. For example ISS, a Danish facility services company
became the world's leading facility services provider with more than
500,000 employees in less than 10 years during EQT's ownership.

"EQT always applies a long-term oriented, responsible and sustainable
participation approach and relies on a consequent industrial logic.
The new company will benefit from this growth focused investment
philosophy as well as our sector expertise," explained Marcus
Brennecke, Partner at EQT Partners, and Investment Advisor to EQT
VII.

Contacts

Brunswick Group, Advisor to EQT VII

Oliver Thompson, othompson@brunswickgroup.com, +49 89 8099 025 22

Philipp Perwanger, pperwanger@brunswickgroup.com, +49 89 8099 025 16

EQT

Kerstin Danasten, EQT Press Officer, +46 8 506 55 334

About EQT

EQT is a leading global private equity group with approximately EUR 29
billion in raised capital. EQT has portfolio companies in Europe,
Asia and the US with total sales of more than EUR 17 billion and
approximately 140,000 employees. EQT works with portfolio companies
to achieve sustainable growth, operational excellence and market
leadership.

For further information, please visit www.eqt.se

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http://news.cision.com/eqt-ab/r/eqt-acquires-building-and-facility-busin...
http://mb.cision.com/Main/87/2022297/524208.pdf

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